Page 3 - Market Valuation

Promoters cash out over Rs 87,000 crore in H1CY24 amid market boom

Analysts say this year's sell-downs by promoters as well as private equity (PE) firms were underpinned by a 'benign exit environment' and were across sectors

Reflections from the US

India remains a prized long-term bet, but investors are hesitant due to concerns over valuation

Economic strength or extreme euphoria: What's driving Indian stock markets?

Valuations in most parts of the Indian stock market, analysts said, are expensive with the extent of overvaluation increasing in inverse order of market-cap, quality, and risk

The milestone march: India's market capitalisation hits $5 trillion

Enters exclusive club in less than 6 months after surpassing $4 trn mark

Sebi tweaks methodology for calculating market cap-based rankings

Instead of a single-day market cap, the rankings will now be based on the average market cap for six months

Promoter pledging dips for 4th quarter due to rising market valuations

Among BSE 500 stocks, Max Financial Services, Eris Lifescience, Ashok Leyland, Jubilant Foodworks and Lloyd Metals saw an increase in promoter pledges

Mcap of 6 of top 10 firms declines by Rs 68,417 cr; Airtel biggest laggard

The combined market valuation of six of the top-10 most valued firms declined by Rs 68,417.14 crore in a holiday-shortened last week, with Bharti Airtel and Reliance Industries taking the biggest hit. While Reliance Industries, Bharti Airtel, Life Insurance Corporation of India (LIC), Infosys, ITC and Hindustan Unilever were the laggards, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India emerged as the gainers. Last week, the BSE benchmark climbed 147.99 points or 0.20 per cent. Domestic equity markets were closed on Wednesday on account of Maharashtra Day. The market capitalisation (mcap) of Bharti Airtel fell by Rs 27,635.65 crore to Rs 7,23,770.70 crore. The valuation of Reliance Industries declined by Rs 23,341.56 crore to Rs 19,40,738.40 crore. The mcap of LIC dropped by Rs 5,724.13 crore to Rs 6,19,217.27 crore, and that of Infosys went lower by Rs 5,686.69 crore to Rs 5,87,949.62 crore. ITC's valuation eroded by Rs 4,619.35 crore to Rs 5,44,64

Tesla's market valuation declines below $500 billion as risks pile up

The stock tumbled about 4% to below $154 at one point on Tuesday in New York, bringing this year's drop to some 38%

Mcap of 7 most valued firms climbs Rs 67,259.99 cr; Reliance top gainer

The combined market valuation of seven of the 10 most valued firms climbed Rs 67,259.99 crore in a holiday-shortened last week, with Reliance Industries emerging as the biggest gainer, amid an overall optimistic trend in equities. Last week, the BSE benchmark climbed 819.41 points or 1.12 per cent. Markets saw just three trading sessions last week, as they were closed on Monday for Holi and Good Friday on March 29. The valuation of Reliance Industries jumped Rs 45,262.59 crore to reach Rs 20,14,010.63 crore. State Bank of India added Rs 5,533.26 crore, taking its market valuation to Rs 6,71,666.29 crore. The valuation of Life Insurance Corporation of India (LIC) climbed Rs 5,218.12 crore to Rs 5,78,484.29 crore, and that of ICICI Bank advanced Rs 4,132.67 crore to Rs 7,69,542.65 crore. The market capitalisation (mcap) of HDFC Bank went up by Rs 4,029.69 crore to Rs 11,00,184.60 crore, and that of Hindustan Unilever climbed Rs 2,819.51 crore to Rs 5,32,946.04 crore. ITC added Rs

Markets pricing NDA win in LS polls; eyeing budget proposals now: Analysts

The NDA, experts believe, already had a big boost ahead of the 2024 national elections in Dec 2023, winning assembly elections in three key states (Rajasthan, Madhya Pradesh and Chhattisgarh)

Small, midcap valuation premium over benchmarks shrinks, shows data

The long-term data, however, suggests the mid and small stocks have on most occasions traded at a premium to the benchmark index

Brokerages see up to 25% upside for ITC post BAT stake sale

With today's sharp rally, technically ITC is seen trading close to its long-term moving average on the daily charts.

Stock market valuations and Sebi

Contrary to conventional wisdom, regulatory interventions related to stock market valuations are not always undesirable. It is time to reconsider the mandate for Sebi

Reddit launches long-awaited IPO, targets up to $6.4 billion valuation

The company, along with some of its existing investors, is targeting a sale of about 22 million shares, priced between $31 and $34 each, to raise up to $748 million

Tata Sons can fetch Rs 7.8 trillion market valuation on listing: Report

A little-known equity market research firm has pegged Rs 7.8 lakh crore valuation for the Tata group's NBFC holding company Tata Sons on listing going by the current market cap of the group firms. Being an upper-layer non-banking finance company, Tata Sons has to go public over the next 18 months as per the RBI norms. Tata Sons could list within the next 1.5 years as the Reserve Bank classified Tata Sons as an upper-layer NBFC last year, which makes it mandatory for it to list itself by September 2025, Spark Capital said in a note on Tuesday. The report stated that the listing can lead to the simplification of the complicated group-holding structure of the group. Recent news reports indicated that the company can fetch a valuation of Rs 11 lakh crore and the IPO size will likely be around Rs 55,000 crore. We believe that 80 per cent of Tata Sons' holdings may not be monetisable but the process of restructuring can trigger a re-rating. "There are multiple levers of value available f

Nifty tops 22,300: Are markets skating on thin ice? What analysts say

Even as the Nifty seems on course to register decade high fiscal gains, the rally seems to have lost momentum in the recent months, with net gains well below the overall average in FY24 so far.

Turning cautious: Retracing market volatility in February, shows data

The Nifty Smallcap 100 and the Nifty Midcap 100 posted their first monthly loss after three months, even as the benchmark Sensex and the Nifty managed to eke out 1 per cent gain

Market has already factored in BJP's victory, says Achin Goel of Bonanza

While the fundamentals of PSUs remain optimistic, current valuations offer limited upside potential for new entrants, says Achin Goel, vice-president, Bonanza Portfolio

Reasonable valuations, potential US rate cuts bode well for tech funds

Mitigate inherent volatility with limited exposure and a long horizon

India market-cap to hit $10tn by 2030; sharp run near-term risk: Chris Wood

While market valuation is high, it should be seen in the context of the acceleration in growth, Wood says